—The company provides information on its defense in relation to actions initiated by the trustee of the holder of the 400 million dollars Notes due 2024—
MEXICO CITY, September 30, 2022 /PRNewswire/ — TV Azteca, SAB de CV AZTECACPOXTZA)), one of the two largest producers of Spanish-language television programs in the world, announced that it has exercised its right of defense regarding the communication from The Bank of New York Mellon —Trustee of the Noteholders— who gave notice of the intention to redeem the Notes early 400 million dollars Notes due 2024.
On 8th August TV Azteca has provided the above notification and is currently attempting to exercise the rights consistent with applicable law.
The Company reiterates its commitment to continue constructive dialogue with the holders of the Notes due 2024 to reach an agreement favorable to all interested parties.
TV Azteca will continue to implement its strategy to achieve financial and operational efficiencies that will enable it to ensure its long-term viability in order to continue to provide audiences with the best television and digital media content.
About TV Azteca
TV Azteca is one of the two largest producers of Spanish language television programs in the world and operates four television stations in Mexico: Azteca uno, Azteca 7, adn40 and a+, through more than 300 owned and operated stations across the country. The company also owns TV Azteca Digital, operator of several of the most visited digital platforms and social networks in Mexico. TV Azteca is a company of Grupo Salinas (www.gruposalinas.com), a group of dynamic, fast-growing and technologically advanced companies focused on creating economic value through market innovations and goods and services that improve living standards; social value to improve the common good; and environmental value by reducing the negative impact of its operations. Created by…
